accounting

posted by .

in a process cost system product costs are accumulated by processing department rather than a job

  • accounting -

    can u help with accounts

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. accounting

    True/Falses 1. Period costs are not considered when costing products for inventory. 2. All direct labor costs during a period of time should be considered product costs and should be temporarily accumulated in the work in process inventory …
  2. accounting

    Multiple choice 1. The type of product costing system used by a company is dictated by the : a) plant supervisor b) project manager c) company president d) production process 2. Activity based costing traces production costs to a) …
  3. accounting

    Activity-based costing is: A)the process of identifying all activities and relating these activities to the events, circumstances, or conditions that create or drive the need for the activities and the resources consumed. B)a method …
  4. Cost accounting

    Red River Products uses a normal cost, job order costing system. In the Mixing Department, overhead is applied using machine hours; in Paving, overhead is applied using direct labor hours. In December 2007, the company estimated the …
  5. Cost Accounting

    What are the differences between job-cost and process-cost systems?
  6. Managerial accounting

    What is the method of inventory costing that assumes the unit product costs should be determined separately for each period i the order in which the costs were incurred?
  7. accounting

    Hanson Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,000 units in its beginning work in process inventory that were 60% complete …
  8. Accounting

    Materials costs of $300,000 and conversion costs of $321,300 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout …
  9. Accounting for Managers

    Question 11 of 20 5.0 Points Which of the following accurately describes a difference between job order and process costing systems?
  10. accounting

    Cargin Company uses the FIFO method in its process costing system. The Assembly Department started the month with 15,000 units in its beginning work in process inventory that were 50% complete with respect to conversion costs. An additional …

More Similar Questions